Another takeaway after three years of building a company is that the returns to just "being a good person", and not acting transactionally, are higher than I expected.
There are so many transactional, boring, and at times immoral people in the tech industry that if you act with sustained warmth, authenticity, humor, and integrity, great gifts will be laid before you. White pill.
Today, we’re excited to share Stuut has raised a $52.5M Series B led by Insight Partners, bringing our total amount raised to $93M.
I told the guy at my local bodega, and he couldn’t care less about our cash. Frankly, that’s fair. Our job is to care about yours.
The 1000s of juggernaut companies that run America are rebuilding around AI, and they're doing it with finance teams that are already swamped. Every enterprise we've spoken to says the same thing: they know AI can help, but they don't have the time or team to make it happen.
Stuut is the first AI coworker that does all of the work between order and cash for the world's leading enterprises. It's grinding, repetitive work.
We’ve already moved over $3B for enterprises including ZoomInfo, Honeywell and PerkinElmer, with Stuut unlocking 40% more cash flow for our customers.
This round is how we keep up with overwhelming demand, and how we go after the bigger job: carrying every transaction from the moment a company decides to sell something until the cash is in the bank. Our customers know we’re in this for the long haul.
Our investors do too, and special thanks to Julian Marcu / Thomas Krane at @InsightPartners for believing in our vision. We're extremely grateful to @a16z, @ActivantCapital, and @M12vc Microsoft's Venture Fund, as well for joining.
Thanks to the @StuutAI team for their dedication.
Thanks to our customers for trusting us.
And to the guy at my bodega: maybe the Series C will do it?
Backstage before our panel on superintelligence at the launch of https://t.co/pdYe2rppWr
Will post the video when it comes out.
Also @jgebbia has done something truly awesome for the country. We should all be grateful!
📸 by @KatieMiller
Case study on https://t.co/sXP5wkc5HK from @AnthropicAI:
- Zero to $4m ARR in 4 wks
- 100k+ of y'all using Bolt every wk
- One of fastest growing AI tools globally
Wild & surreal! Ty for all the support & patience as we scale y'all 🙇 Let's go! https://t.co/uy9oCYskk3
What if AI dev products (Claude, v0, etc) let you install packages, run backends & edit code?
Introducing https://t.co/XXroNZNn7H, by StackBlitz:
- Prompt, edit, run & deploy fullstack apps
- Full dev env (npm, Vite, Next.js, …) w/ frontier AI
- Free!
I am thrilled to announce that @Mastercard is acquiring @recordedfuture for $2.65B. It has been an incredible journey, starting in 2007 when we wrote down the patent application for what became the Recorded Future Intelligence Platform.
Big @RecordedFuture week coming up - important meetings and presentations at Munich Security Conference (@MunSecConf) and Munich Cyber Security Conference, big product launch, and bilateral intelligence conference with key ally. Progress will be made.
Today, after years of battle testing by millions of developers, in collaboration with browser vendors:
WebContainer API is now available to everyone.
Start building the next generation of interactive coding experiences at https://t.co/l7QZKdW6ll ❤️🧵 https://t.co/TCh0grOgRJ
Really excited for @SentinelOne to start their journey as a public company today. Couldn't be more proud of what Tomer and the whole team have accomplished! At @insightpartners we are very thankful for the partnership and can't wait to see what's next! 🚀
Congrats to @keepersecurity for winning the following 3 awards from @cyberdefensemag:
🟠 Most Innovative in Endpoint Security
🟠 Hot Company in IAM (Identity and Access Management)
🟠 Cutting Edge in Security Company of the Year
Read more: https://t.co/1n9ESI9MbD
Back to the @insightpartners family! Thanks to @richardmwells (my former boss) and @thomaskrane (same intern class). So excited about what’s to come... getting many more patients trusted relationships with healthcare providers!
Proud to announce that @insightpartners has led a Series C investment in @EdenHealthInc. Using these new resources, we’ll open new offices and continue to create a world where every person has a relationship with a trusted healthcare provider. https://t.co/grCUfJmns6
Incredibly excited and proud to share this summary of what @RecordedFuture accomplished in 2020. Challenging year for the world sure but loads of progress. Thank you to everyone who worked with us here!
https://t.co/cIjXmSQmU4
Congratulations to portfolio company @jfrog who went public on the @Nasdaq today! We are thrilled to be on this #ScaleUp journey with you to help organizations efficiently and securely build and release software.
#ScaleUpMilestone#JFROGIPO
We are thrilled to announce our investment in @Perimeter_81, a leading Secure Access Service Edge provider. The investment will accelerate @Perimeter_81's hiring and development, furthering its disruption of the traditional #VPN and #firewall markets.
ℹ️ https://t.co/jJD37ijFsD
Excited to announce that we have raised a $150M Series C round at a valuation of $2B led by the phenomenal folks at @insightpartners. APIs are the building blocks of modern software. More thoughts in the blog about our vision for the API-First World. https://t.co/Y0O182vdeM